Borrowings (Tables)

12 Months Ended

Sep. 30, 2017

Borrowings including Impact of Interest Rate Swaps Designated as Hedges

The Company’s borrowings at September 30, 2017 and October 1, 2016, including the impact of interest rate and cross-currency swaps, are summarized below:



						2017
	2017			2016		Stated Interest Rate ⁽¹⁾		Pay Floating Interest rate and Cross- Currency Swaps ⁽²⁾		Effective Interest Rate ⁽³⁾		Swap Maturities
Commercial paper	$	2,772		$	1,521	—		$	—	1.24	%
U.S. and European medium-term notes ⁽⁴⁾	19,721			16,827		2.73	%	8,150		2.70	%	2018-2027
BAMTech acquisition payable	1,581			—		1.27	%	—		1.27	%
Capital Cities/ABC debt	105			107		8.75	%	—		6.00	%
Foreign currency denominated debt	13			448		7.65	%	—		7.65	%
Other ⁽⁵⁾	(46		)	180				—
	24,146			19,083		2.35	%	8,150		2.46	%
Asia Theme Parks borrowings	1,145			1,087		1.24	%	—		5.07	%
Total borrowings	25,291			20,170		2.30	%	8,150		2.58	%
Less current portion	6,172			3,687		0.93	%	1,550		1.44	%
Total long-term borrowings	$	19,119		$	16,483			$	6,600


⁽¹⁾	The stated interest rate represents the weighted-average coupon rate for each category of borrowings. For floating rate borrowings, interest rates are the rates in effect at September 30, 2017; these rates are not necessarily an indication of future interest rates.


⁽²⁾	Amounts represent notional values of interest rate and cross-currency swaps outstanding as of September 30, 2017.


⁽³⁾	The effective interest rate includes the impact of existing and terminated interest rate and cross-currency swaps, purchase accounting adjustments and debt issuance premiums, discounts and costs.


⁽⁴⁾	Includes net debt issuance premiums, discounts and costs totaling $138 million and $132 million at September 30, 2017 and October 1, 2016, respectively.


⁽⁵⁾	Includes market value adjustments for debt with qualifying hedges, which reduce borrowings by $73 million and increase borrowings by $146 million at September 30, 2017 and October 1, 2016, respectively.

Schedule of Commercial Paper

The Company has bank facilities with a syndicate of lenders to support commercial paper borrowings as follows:



	Committed Capacity		Capacity Used		Unused Capacity
Facility expiring March 2018	$	2,500	$	—	$	2,500
Facility expiring March 2019	2,250		—		2,250
Facility expiring March 2021	2,250		—		2,250
Total	$	7,000	$	—	$	7,000

Commercial Paper Activity

Commercial paper activity is as follows:



	Commercial paper with original maturities less than three months, net ⁽¹⁾			Commercial paper with original maturities greater than three months			Total
Balance at Oct. 3, 2015	$	2,330		$	100		$	2,430
Additions	—			4,794			4,794
Payments	(1,559		)	(4,155		)	(5,714		)
Other Activity	6			5			11
Balance at Oct. 1, 2016	$	777		$	744		$	1,521
Additions	372			6,364			6,736
Payments	—			(5,489		)	(5,489		)
Other Activity	2			2			4
Balance at Sept. 30, 2017	$	1,151		$	1,621		$	2,772

⁽¹⁾ Borrowings and reductions of borrowings are reported net.

Total Borrowings Excluding Market Value Adjustments, Scheduled Maturities

Total borrowings, excluding market value adjustments and debt issuance premiums, discounts and costs, have the following scheduled maturities:



	Before Asia Theme Parks Consolidation		Asia Theme Parks		Total
2018	$	6,169	$	—	$	6,169
2019	2,757		59		2,816
2020	3,000		—		3,000
2021	2,105		—		2,105
2022	1,900		46		1,946
Thereafter	8,426		1,040		9,466
	$	24,357	$	1,145	$	25,502